Jobs Squeeze for Indian Workers

"U.S. companies such as IBM, Intel, Hewlett-Packard, Oracle and PeopleSoft are already exploring countries with even cheaper sources of technical labor, says a report from research firm IDC. The new destinations include Romania, Russia, Hungary, the Czech Republic, the Philippines, Singapore, Thailand and Vietnam.

"As a result, India, which some have blamed for the loss of American jobs, may soon lose jobs itself." read more...